Medtronic

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Company Description
Medtronic is the global leader in medical technology- alleviating pain, restoring health, and extending life for people with chronic conditions around the world. Medtronic develops and manufactures a wide range of products and therapies with emphasis on providing a complete continuum of care to diagnose, prevent and monitor chronic conditions. Each year, Medtronic therapies help more than seven million people.

Founded
April 29, 1949 in Minneapolis, Minnesota, USA, by Earl E. Bakken and Palmer J. Hermundslie.

Financial
Revenue for the year ended April 24, 2009: $14.6 billion. New York Stock Exchange ticker: MDT.

Key Businesses

• Cardiac Rhythm Disease Management manages cardiac rhythm disorders to improve long-term patient care. Theses therapies allow physicians to monitor and treat cardiac conditions. Developments include pace-makers to treat bradycardia (too-slow heartbeat); implantable defibrillators to help treat tachyarrhythmia (too-fast heartbeat); implantable cardiac resynchron-ization devices to improve blood-pumping ability for heart failure patients; treatment options for atrial fibrillation (outside of the U.S.); and diagnostic and monitoring tools that help diagnose heart-related syncope (unexplained fainting) and atrial fibrillation.

• Neuromodulation provides therapies for chronic pain, movement disorders, spasticity, obsessive compulsive disorder, overactive bladder and urinary retention, benign prostatic hyperplasia, and gastroparesis. Medtronic developed the field of neuro-modulation, the targeted and regulated delivery of electrical pulses and pharmaceuticals to specific sites in the nervous system.

• Spinal and Biologics offers products that treat a variety of disorders of the cranium and spine. Through the introduction of INFUSE® Bone Graft and Minimal Access Spinal Technologies, the business has distinguished itself as a global leader in less-invasive surgical techniques. In November 2007, Medtronic acquired Kyphon for its expertise in treating older patients who suffer from vertebral compression fractures and spinal stenosis.

• Diabetes develops advanced diabetes management solutions. We are the world leader in integrated diabetes management systems, insulin pump therapy, continuous glucose monitoring systems and therapy management software, and are committed to providing improved tools and technologies to help people with diabetes live longer, healthier lives.

• CardioVascular offers a vast portfolio of medical devices and technology that are used to treat an array of chronic diseases affecting the vascular system, including the heart, the aorta and the peripheral arteries. The business markets the industry’s broadest line of heart valve products for replacement and repair; auto-transfusion equipment and disposable devices for handling and monitoring blood during major cardiac surgery; and cardiac ablation devices to treat a variety of heart conditions. CardioVascular also offers stents and other angioplasty products to treat blocked arteries throughout the vasculature, as well as endovascular stent grafts for the minimally-invasive repair of abdominal and thoracic aortic aneurysms.

• Surgical Technologies develops and manufactures minimally invasive products and techniques that treat a wide range of ear, nose and throat conditions. The business markets powered tissue-removal systems and other micro-endoscopy instruments, nerve monitoring systems, and disposable fluid control products. It also provides operating room equipment designed for neuro and spinal surgeons for their use in image-guided surgery and navigation.

• Physio-Control develops, manufactures and services monitor/defibrillator products for in-hospital, out-of-hospital and public access use. The wholly-owned subsidiary offers a range of related resuscitation products and solutions, including LIFEPAK® defibrillators, for all tiers of multi-level emergency response system, from trained lay responders to emergency medical technicians and paramedics, to hospital-based caregivers.

Global Presence
Medtronic does business in more than 120 countries. The World Headquarters is in Minneapolis, Minnesota. Regional Headquarters include Switzerland and Japan.

Workforce
Medtronic employs ~38,000 people worldwide.